DST GLOBAL IV, L.P. - 07 Jun 2021 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
09 Jun 2021, 17:23:22 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
DST GLOBAL IV, L.P., By: DST Managers Ltd, By: Despoina Zinonos, Its: President, /s/ Despoina Zinonos

Key filing fact

DST GLOBAL IV, L.P. filed Form 4 for ContextLogic Inc. (LOGC) on 09 Jun 2021.

Key facts

  • This page summarizes DST GLOBAL IV, L.P.'s Form 4 filing for ContextLogic Inc. (LOGC).
  • 5 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 09 Jun 2021, 17:23.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WISH transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-18,796,769
Change %
-55%
Price
$0.000000
Shares after
15,606,631
Date
07 Jun 2021
Ownership
Direct
Footnotes
F1, F2
WISH transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-8,864,399
Change %
-55%
Price
$0.000000
Shares after
7,331,241
Date
07 Jun 2021
Ownership
By DST Global V, L.P.
Footnotes
F3, F4
WISH transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-27,630,195
Change %
-97%
Price
$0.000000
Shares after
955,135
Date
07 Jun 2021
Ownership
By DST INVESTMENTS XI, L.P.
Footnotes
F5, F6
WISH transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-7,660,208
Change %
-57%
Price
$0.000000
Shares after
5,864,012
Date
07 Jun 2021
Ownership
By DST Investments XV, L.P.
Footnotes
F7, F8
WISH transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-2,542,417
Change %
-55%
Price
$0.000000
Shares after
2,066,123
Date
07 Jun 2021
Ownership
By DST Investments XVI, L.P.
Footnotes
F9, F10
WISH holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
6,478,250
Date
07 Jun 2021
Ownership
By DST Global IV Co-Invest, L.P.
Footnotes
F11
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

DST GLOBAL IV, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 11 footnotes

Footnote F1

On June 7, 2021, DST GLOBAL IV, L.P. ("DST IV") distributed in-kind, without consideration, 18,796,769 shares of Class A Common Stock pro-rata to its limited partners, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Footnote F2

The shares are owned directly by DST IV, whose general partner is DST Managers Ltd. DST Managers Ltd holds ultimate voting and investment power over the shares held by DST IV. Each of the reporting persons other than DST IV may be deemed to have an indirect pecuniary interest in the shares but disclaims beneficial ownership.

Footnote F3

On June 7, 2021, DST Global V, L.P. ("DST V") distributed in-kind, without consideration, 8,864,399 shares of Class A Common Stock pro-rata to its limited partners, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.

Footnote F4

The shares are owned directly by DST V, whose general partner is DST Managers V Ltd. DST Managers V Ltd holds ultimate voting and investment power over the shares held by DST V. Each of the reporting persons other than DST V may be deemed to have an indirect pecuniary interest in the shares but disclaims beneficial ownership.

Footnote F5

On June 7, 2021, DST INVESTMENTS XI, L.P. ("DST INVESTMENTS XI") distributed in-kind, without consideration, 27,630,195 shares of Class A Common Stock pro-rata to its limited partners, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.

Footnote F6

The shares are owned directly by DST INVESTMENTS XI, whose general partner is DST Managers Ltd. DST Managers Ltd holds ultimate voting and investment power over the shares held by each of the reporting persons. Each of the reporting persons other than DST INVESTMENTS XI may be deemed to have an indirect pecuniary interest in the shares but disclaims beneficial ownership.

Footnote F7

On June 7, 2021, DST Investments XV, L.P. ("DST Investments XV") distributed in-kind, without consideration, 7,660,208 shares of Class A Common Stock pro-rata to its limited partners, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.

Footnote F8

The shares are owned directly by DST Investments XV, whose general partner is DST Managers V Ltd. DST Managers V Ltd holds ultimate voting and investment power over the shares held by DST Investments XV. Each of the reporting persons other than DST Investments XV may be deemed to have an indirect pecuniary interest in the shares but disclaims beneficial ownership.

Footnote F9

On June 7, 2021, DST Investments XVI, L.P. ("DST Investments XVI") distributed in-kind, without consideration, 2,542,417 shares of Class A Common Stock pro-rata to its limited partners, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.

Footnote F10

The shares are owned directly by DST Investments XVI, whose general partner is DST Managers V Ltd. DST Managers V Ltd holds ultimate voting and investment power over the shares held by DST Investments XVI. Each of the reporting persons other than DST Investments XVI may be deemed to have an indirect pecuniary interest in the shares but disclaims beneficial ownership.

Footnote F11

The shares are owned directly by DST Global IV Co-Invest, L.P., whose general partner is DST Managers Ltd. DST Managers Ltd holds ultimate voting and investment power over the shares held by DST Global IV Co-Invest, L.P. Each of the reporting persons other than DST Global IV Co-Invest, L.P. may be deemed to have an indirect pecuniary interest in the shares but disclaims beneficial ownership.

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